Non preference share

This topic has 2 replies, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 1, 2015 at 6:09 pm #286802
seanog91
Member
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Hi,

If working out the preference dividend on 5% 50c Preference Shares and the balance on the FS is 345,000, why do we not divide the preference shares by .5 to get the total number of shares to calculate the dividend?

Thanks
December 1, 2015 at 6:10 pm #286803
seanog91
Member
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Title is supposed to read Preference Share and Not “Non Preference shares”
December 1, 2015 at 6:32 pm #286814
MikeLittle
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I think that if you divide $345,000 by .5, you get to $690,000 and I don’t believe that that is correct as a 5% dividend.

Do you?
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